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Reconsidering and Redefining the Gold Standard

May 15, 2013

United States Bullion Depository

by Alex Francis Despite the fact that President Richard Nixon unceremoniously and unilaterally moved the United States away from the gold standard in 1971, murmurs of returning to it have never quite died down. A committee was formed to reevaluate the situation as early as 1981, and members of the Republican party have proposed moving

Earthquakes Turn Water into Gold

May 1, 2013

Gold Nugget

by Amber Zhai According to a new study in Nature Geoscience, earthquakes turn fluid-filled rock fractures in the earth’s surface called faults into potentially bountiful gold deposits—once again proving that there is no greater alchemist than Mother Nature herself. It is well-known that much of the world’s gold has been found in quartz veins that

How Much Gold has been Mined in the World?

April 16, 2013

Pile of Gold

by Alex Francis If you are in possession of any gold earrings, necklaces, bracelets, or even bars, you may want to start taking stock. Jason Notte raised an interesting question on MSN’s moneyNOW last week: If you could collect all of the mined gold in the world into a single pile, how big would it

Understanding the Meanings of Gold Quality Marks

April 2, 2013

by Alex Francis Hand-made, electroplated, 24-karat—we see these terms all the time in relation to gold. They find their way into advertisements, product descriptions, and even casual conversations. But have you ever taken the time to figure out what any of them really mean? It turns out that the Federal Trade Commission has strict regulations

Evidence of Illegal Gold Mining in Taiwan

March 7, 2013

Gold Mines

by Alex Francis     Photo by Tanya Hart | Flickr.com In the Jin Jiu area of New Taipei City, Taiwan, residents estimate that over $235,000 of gold has been stolen from mines in the past five years.   The area in question was a major gold-mining site in the years between the end of

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